Objective Elliott Wave............

Quote from gharghur2:

Perhaps you would like to elaborate?
More...

LOL I'm not sure I can--just muddling my way through this because I find elliotts work interesting.

.....and I'm a noob :p

My thoughts are perhaps the confusion over what current wave or sub wave A-B-C an applied instrument is in, may in part, be due to improper scaling.

Perhaps somthing was lost with the transition of applied ideas by Elliott from his head to plotting with graph paper to skewing data on our computors.

Maybe the waves are a bit softer than sharp angles; wouldn't this change their plotted course and timing?

Assumptions: Molecules are round; everything is comprised of molecules.

Question: Are our perception of angles incorrect?
 
Quote from marketsurfer:

for those who are into such things----

glenn nealy "mastering elliott wave"

will answer your questions.


surfer
More...

Surfer...
I have but one question ... why was/is he bearish?
 
Quote from infolode:

LOL I'm not sure I can--just muddling my way through this because I find elliotts work interesting.

.....and I'm a noob :p

My thoughts are perhaps the confusion over what current wave or sub wave A-B-C an applied instrument is in, may in part, be due to improper scaling.

Perhaps somthing was lost with the transition of applied ideas by Elliott from his head to plotting with graph paper to skewing data on our computors.

Maybe the waves are a bit softer than sharp angles; wouldn't this change their plotted course and timing?

Assumptions: Molecules are round; everything is comprised of molecules.

Question: Are our perception of angles incorrect?
More...

The waves are actually a flow, as the word implies: WAVES
When we plot such data it is easier to identify the end of one wave in comparison to another by angles. Our minds perceive angles easier than the flow fo waves.

For example, when you observe a daily bar chart it does indeed look like waves building to a crest, does it not? However, not to get lost in the sea of waves, it is easier to keep track of them by plotting the reversals of the bars or even the daily closes. Sharp angles provide defining turning points, whereas waves do not.

Hope that answers your question.
We percieve angles better than waves.
 
Quote from gharghur2:

The waves are actually a flow, as the word implies: WAVES
When we plot such data it is easier to identify the end of one wave in comparison to another by angles. Our minds perceive angles easier than the flow fo waves.

For example, when you observe a daily bar chart it does indeed look like waves building to a crest, does it not? However, not to get lost in the sea of waves, it is easier to keep track of them by plotting the reversals of the bars or even the daily closes. Sharp angles provide defining turning points, whereas waves do not.

Hope that answers your question.
We percieve angles better than waves.
More...

Thanks, I agree.

Great food for thought and ideas.

Elliott principles I apply: "..markets do not behave in a chaotic manner, but rather they move in repetitive cycles, which reflect the actions and emotions of humans caused by exterior influences or mass psychology." Ralph Elliott (((elliott wave)))

Elliotts work (out of context--or not)

Here's where the rubber meets the road for being profitable.
Exploitation of weakness and/or utilizing resourses and conditioning atmospheres.
 
"Here's where the rubber meets the road for being profitable.
Exploitation of weakness and/or utilizing resourses and conditioning atmospheres."

Curious...Would you like to clarify that statement?

Below is my interpretation of the current angles:
 

Attachments

Quote from gharghur2:

"Here's where the rubber meets the road for being profitable.
Exploitation of weakness and/or utilizing resourses and conditioning atmospheres."

Curious...Would you like to clarify that statement?

Below is my interpretation of the current angles:
More...

At first glance my statement sounds rather abrasive but the essence of it is as follows.

Humans have basic character flaws that can be predicted or monitored with a varying degree of accuracy dependent upon the observers intuition and focus.

Marketers/data miners are an example of this I believe.

Some individuals are doomed to repeat their mistakes until they learn from them(Einstein's insanity definition).

I'm not refering to market manipulation or some vulgar pump&dump.

One does not need to be physic or clairvoyant to be in position for events to unfold.

===============

Nice chart/smoothing.
 
I've read this thread with interest -- I'm glad it was started and gharghur2's posts have been informative yet not arrogant, which is refreshing.

Some thoughts I thought I would share:

1. gharghur2's thought process reminds me somewhat of Connie Brown's in "Technical Analysis for the Trading Professional." In this book, there's a chapter on how she applies oscillators to derive the wave counts. Also, she emphasizes that it's more important to "feel" the market rather than label every zig and zag correctly. I think gharghur2's approach is very similar.

2. Along the lines of "feeling" the market, a really strong move like we've recently experienced has to be a "3" of some sort of impulse. Accordingly, you're going to label it as such and then consider the future waves accordingly.

3. Another aspect of "feeling" the market involves understanding how different sectors affect the market, such as transports, techs, etc. I'm sure this also figures into gharghur2's thinking.

4. Along these lines, the biggest "problem" with Elliott Wave is that so many people try to apply it in a vacuum and therefore end up fighting the market.
 
Very good points.
I've never read her work, but sounds interesting.
I follow the NAZ/NDX/SPX/DOW/TRAN/SOX
Along with several sentiment indicators
I also use what I call MMI, it is a momentum oscillator that displays the waves as they occur, when read correctly.

You can see all these charts in my blog:

http://spaces.msn.com/members/caldaroEW/
 
You must log in or register to reply here.
Back
Top